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Technology Categories
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| Definition Of: |
Natural gas liquids production
The volume of natural gas liquids removed from natural gas in lease separators, field facilities, gas processing plants, or cycling plants during the report year.
Production of natural gas liquids is classified as follows:---Contract Production. Natural gas liquids accruing to a company because of its ownership of liquids extraction facilities that it uses to extract liquids from gas belonging to others, thereby earning a portion of the resultant liquids.---Leasehold Production. Natural gas liquids produced, extracted, and credited to a company's interest.---Contract Reserves. Natural gas liquid reserves corresponding to the contract production defined above.---Leasehold Reserves. Natural gas liquid reserves corresponding to leasehold production defined above.
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Energy INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 2 3 A: Page 1 of 3.
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